March 1, 2018 / 11:42 PM / in 10 months

U.S.-based high-yield junk bond funds post 7th consecutive week of outflows

NEW YORK, March 1 (Reuters) - U.S.-based high-yield junk bond funds posted $703 million of outflows for the week ended Wednesday, their seventh straight week of cash withdrawals, Lipper data showed on Thursday.

But higher up in the credit-quality spectrum, U.S.-based investment-grade corporate bond funds attracted $1.37 billion in new cash, their second consecutive week of inflows, Lipper added. (Reporting by Jennifer Ablan; Editing by Lisa Shumaker)

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